Save Article

Chesapeake Directors Rejected by Shareholders

Chesapeake plans to sell assets in three transactions totaling more than $4 billion in cash, as the natural-gas company struggles against mounting debt. Daniel Gilbert reports on Markets Hub. Photo: Bloomberg.

V. Burns Hargis, president of Oklahoma State University, and Richard Davidson, former chief executive of Union Pacific Corp. received only 26% and 27%, respectively, of votes cast. Both tendered their resignations, the company said, under a new measure that requires directors who don't receive a majority of votes to offer to...